ITC Holdings Ends $1.8 Billion Entergy PurchaseNovi-based ITC Holdings Corp. (NYSE: ITC) Friday announced it would give up on a $1.8 billion transaction to buy the high-voltage power lines of the New Orelans utility Entergy.
HR Notices From Dec. 2The latest staffing, leadership and boardroom announcements from Michigan's technology-focused companies, institutions and groups.
ITC Holdings Revenue, Earnings Rise; Earnings Guidance NarrowedThe Novi power grid owner ITC Holdings Corp. (NYSE: ITC) Thursday reported net income of $59 million or $1.12 a share in the third quarter ended Sept. 30, up from $51.2 million or 98 cents a share in the third quarter of 2012.
ITC Announces Aerial Inspections Of Major Power LinesIf you see a helicopter hovering near major power lines between now and Halloween, don't flip out. It's a normal inspection.
ITC Revenue, Profits Rise In Second Quarter, Six MonthsNovi-based ITC Holdings Corp. (NYSE: ITC), the nation's largest independent electric transmission company, reported net income of $47.4 million or 90 cents a share in the second quarter ended June 30, up from $42.4 million or 81 cents a share in the same quarter a year earlier.
ITC Holdings Prices $550 million Debt OfferingThe independent power grid manager ITC Holdings Corp. (NYSE: ITC) Wednesday announced that it has priced an underwritten public offering of $550 million aggregate principal amount of senior unsecured notes. The notes include $250 million aggregate principal amount of 4.05 percent senior notes due 2023 and $300 million aggregate principal amount of 5.30 percent senior notes due 2043.
ITC, Entergy Get Transaction Approval From FedsITC Holdings Corp. (NYSE: ITC) Friday announced that its proposed buyout of the transmission lines of New Orleans-based Entergy Corp. (NYSE: ETR) has received approval from the Federal Energy Regulatory Commission.
Southwest Power Pool Approves ITC ProjectITC Great Plains LLC, a subsidiary if Novi-based ITC Holdings Corp., announced that the Southwest Power Pool has approved the Elm Creek to Summit transmission line project. The project will improve the reliability of the high-voltage grid in central Kansas.
ITC Holdings Schedules Special Shareholder Meeting in Connection with Entergy TransactionITC Holdings Corp. has scheduled an April 16 special meeting of shareholders to vote on its acquisition of the electric transmission business of Entergy Corp.
Entergy Texas, ITC File Final Transaction RequestEntergy Texas Inc., in conjunction with ITC Holdings Corp. (NYSE: ITC) and ITC Midsouth LLC, have filed a requewt at the Public Utility Commission of Texas to spin off Entergy Texas' electric transmission business and merge it into a subsidiary of ITC.
ITC Supporting Detroit Public Schools FoundationThe Detroit Public Schools Foundation announced that 300 Detroit students will participate in the Future City Competition this school year because of a grant from ITC Holdings Corp.
ITC Seeks Federal OK Of Entergy Power Line PurchaseNovi-based ITC Holdings Corp. (NYSE: ITC) and New Orleans-based Entergy Corp. (NYSE: ETR) filed a joint application Monday with the Federal Energy Regulatory Commission seeking approval for Entergy's utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC.